Alfalah Titanium MasterCard Overview

Table of Contents

• Introduction to Alfalah Titanium MasterCard
• Advantages & Disadvantages
• Key Features
• Eligibility & Documentation
• Financial Specifics

Advantages

• Complimentary credit option extending to 51 days
• Absence of annual dues
• Accumulation of rewards via Orbit Points
• Promotional installment schemes for lifestyle merchandise and domicile gadgets
• Option for minimal remittance
• Access to half the credit ceiling in liquid assets advance

Disadvantages

• Vigilance advised regarding penalties for delayed remittances
• Prodigal utilization could ensnare you in considerable indebtedness
• Minimal remittances have no effect on the core debt

Characteristics

• Capability to settle balances on other credit cards utilizing Bank Alfalah's offerings
• Availability of minimal payment facility
• Diverse installment arrangements spanning from a trimester to three years for reimbursement
• Facilitation of utility bill payments utilizing Titanium cards
• Procurement of impressive incentives through Orbit Points
• Permission to withdraw up to half of the credit limit in cash and convert into manageable installments
• Worldwide accessibility of the card

Qualification Criteria

For Salaried Individuals:

• Earnings threshold: PKR 50,000
• Age bracket: 21 to 60 years
• Necessary documentation: CNIC, salary evidence, banking records, employer's attestation

For Entrepreneurs/Self-Employed:

• Revenue benchmark: PKR 60,000
• Age spectrum: 21 to 70 years
• Mandatory submissions: CNIC, National Tax Number, enterprise verification, financial statements

Financial Details

• Interest Rate: 40%
• Annual Dues: None

Frequently Asked Questions

Q1: Can the Alfalah Titanium MasterCard be used internationally?

A1: Indeed, the card boasts global acceptance, permitting transactions across various countries without hindrance.

Q2: What are Orbit Points, and how can one accrue them?

A2: Orbit Points serve as a reward mechanism, amassed through transactions made with the Alfalah Titanium MasterCard. These points can then be exchanged for a myriad of benefits, enhancing the cardholder's experience.

Q3: Is there a fee for converting purchases into installment plans?

A3: The card offers promotional installment schemes, enabling the conversion of purchases into manageable payments over time. While specific promotions may vary, transparency regarding any applicable fees is maintained to ensure informed decisions.